eBay Inc. (NASDAQ:EBAY) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC boosted its holdings in eBay Inc. (NASDAQ:EBAY) by 34.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,330 shares of the e-commerce company’s stock after purchasing an additional 1,105 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in eBay were worth $268,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of eBay during the 4th quarter worth about $27,000. Quarry LP purchased a new position in eBay in the third quarter valued at approximately $36,000. New Wave Wealth Advisors LLC acquired a new stake in eBay during the fourth quarter worth approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of eBay in the 4th quarter valued at $40,000. Finally, Versant Capital Management Inc grew its position in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,033 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,676 shares of company stock worth $2,613,807 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on EBAY. JPMorgan Chase & Co. boosted their price target on shares of eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. UBS Group boosted their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Morgan Stanley raised their target price on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Barclays set a $72.00 price target on shares of eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.46.

eBay Trading Down 6.0 %

Shares of eBay stock opened at $62.40 on Friday. The company has a 50-day moving average of $67.26 and a two-hundred day moving average of $65.03. The stock has a market cap of $29.08 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s payout ratio is presently 29.07%.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.